Insights into foreign purchases and sales of residential real estate – the ATO wearing its FIRB ‘watch-dog’ role

Going back to the days when, then Treasurer: Joe Hockey spectacularly forced some foreign purchasers to divest themselves of trophy homes, bought in breach of FIRB regulations, the ATO took over policing this area and it has released two ‘insights’ documents covering the transaction types and sizes – one over each of the 2017-18 and…

Treasury Laws Amendment (2020 Measures No. 4) Bill 2020 introduced – Electricity large-scale generation certificate refunds are NANE’ and SCT to AFCA transition measures

The Treasury Laws Amendment (2020 Measures No 4) Bill 2020 was introduced into the House of Reps on 28 October 2020. It contains measures to render certain regulatory refunds, to electricity retailers, of a shortfall charge paid, in lieu of surrendering ‘large-scale generation certificates’, non-assessable and non-exempt (NANE). It also has measures to assist in the transition…